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Provident New York Bancorp Declares Quarterly Dividend of $0.06 per Share

MONTEBELLO, NY--(Marketwire - Apr 28, 2011) - Provident New York Bancorp (NASDAQ: PBNY), the parent company of Provident Bank, today announced that the Board of Directors has declared a quarterly cash dividend of $0.06 per share. The dividend is payable May 19, 2011 to holders of record as of May 9, 2011.

Headquartered in Montebello, New York, Provident Bank, with $2.9 billion in assets, is an independent full-service community bank. Provident Bank operates 35 branches that serve the Hudson Valley region and Bergen County, New Jersey. The bank offers a complete line of commercial, retail and investment management services. Visit the Provident Bank web site at www.providentbanking.com.